U.S. Department of Justice Antitrust Update

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Oil Companies to Pay Record Civil Penalty for Violating Antitrust Pre-Transaction Notification Requirements

01/07/2025 07:00 AM EST

The Justice Department's Antitrust Division, at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia against crude-oil producers XCL Resources Holdings LLC (XCL), Verdun Oil Company II LLC (Verdun) and EP Energy LLC (EP).

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